Jupiter Perps: Long/Short Open Interest, Borrow Rates and Top Traders on Solana
Jupiter is the largest perpetuals venue on Solana and it works differently from a funding-rate exchange: every long is backed one-to-one by the JLP pool's tokens and every short by its stablecoins, so open interest is capped by what the pool holds and traders pay an hourly borrow fee instead of funding. This board reads the pool's custody accounts through the official API every 10 minutes, so the long and short numbers are program state, not estimates, and records them hourly.
Markets
Long OI is the custody's guaranteed USD (what the pool owes longs at current prices), short OI is the global short size. Utilization is how much of the side's pool capacity is in use; the borrow rate is what open positions pay per hour.
| Market | Price | Long OI | Short OI | Long share | Utilization L / S | Borrow /h L / S | 24h volume | Available L / S |
|---|---|---|---|---|---|---|---|---|
| SOL | 99 | $26.1M | $11.9M | 68.7% | 8.6% / 60.3% | 0.0014% / 0.0007% | $120.2M | $10.0M / $10.0M |
| ETH | 2,388 | $2.6M | $4.1M | 38.8% | 4.6% / 60.3% | 0.0012% / 0.0007% | $30.7M | $20.0M / $20.0M |
| BTC | 77,253 | $11.3M | $10.5M | 52.0% | 12.0% / 60.3% | 0.0013% / 0.0007% | $43.1M | $20.0M / $20.0M |
Borrow rates are per hour, in percent of position size. 0.0014% per hour is about 12% per year.
Top traders this week
Jupiter publishes the week's leaders per market by realized PnL. Addresses link to Solscan; volume is the trader's notional traded in the week.
SOL · ISO week 2026-08-31 → 2026-09-06
| # | Trader | Realized PnL | Volume |
|---|---|---|---|
| 1 | 2TB7g…w9VF | $261.0K | $3.3M |
| 2 | 7mnDr…oG22 | $24.6K | $10.3M |
| 3 | 6CpBh…aGrx | $11.0K | $1.1M |
| 4 | Bvrvt…XveB | $9.0K | $6.3M |
| 5 | G8fYz…QDnx | $8.9K | $48.2K |
| 6 | JCyBc…aUKS | $8.2K | $1.6M |
| 7 | E95Pa…G8Vn | $7.0K | $1.3M |
| 8 | Df8yt…S7Qg | $6.3K | $2.5M |
| 9 | AJxJL…Sn4J | $6.2K | $3.8M |
| 10 | BKgeq…PaWR | $5.7K | $99.5K |
ETH · ISO week 2026-08-31 → 2026-09-06
| # | Trader | Realized PnL | Volume |
|---|---|---|---|
| 1 | 2wtnn…99g1 | $6.4K | $1.3M |
| 2 | 3WuXv…2zuh | $5.3K | $386.1K |
| 3 | A9mbk…S3JJ | $4.0K | $4.2M |
| 4 | AQtpb…Qxxf | $3.6K | $99.3K |
| 5 | 4NwX9…u79c | $3.3K | $414.8K |
| 6 | 2sw6z…25se | $2.8K | $489.5K |
| 7 | GFr9i…TLoG | $2.1K | $59.1K |
| 8 | Bzomd…AJBJ | $2.0K | $746.0K |
| 9 | BwCke…398f | $1.8K | $781.5K |
| 10 | 6ptCf…TbJ9 | $1.7K | $765.8K |
BTC · ISO week 2026-08-31 → 2026-09-06
| # | Trader | Realized PnL | Volume |
|---|---|---|---|
| 1 | hmrMm…xJvo | $19.6K | $24.8M |
| 2 | 5TdTF…NLYU | $12.8K | $4.9M |
| 3 | AwvmK…3T1e | $9.4K | $2.7M |
| 4 | GJtNZ…71Yj | $8.8K | $4.9M |
| 5 | ELKzK…XSwu | $6.2K | $6.3M |
| 6 | 86gjk…pThk | $4.6K | $1.6M |
| 7 | 39zeq…4ey3 | $4.0K | $1.0M |
| 8 | ABzaB…4RXY | $2.9K | $24.0K |
| 9 | 7GZJj…3ebQ | $2.7K | $13.7K |
| 10 | 9q25n…FUcX | $2.2K | $790.8K |
Top 10 shown per market.
Full history is a member feature. Members see the full top 50 per market and every range of the recorded history with zoom and pan; anonymous readers get the top 10 and the last 7 days. Members only →
Open interest history
Hourly long and short OI per market since 2026-09-02. Watch the long share swing: a crowded long side on a pool-backed venue pays rising borrow rates until it unwinds.
SOL · Last 7 days shown.
ETH · Last 7 days shown.
BTC · Last 7 days shown.
Full history is a member feature. Members see the full top 50 per market and every range of the recorded history with zoom and pan; anonymous readers get the top 10 and the last 7 days. Members only →
JLP pool
The liquidity pool that takes the other side of every trade. AUM is what the pool holds at current prices; APR is the fee yield Jupiter reports for JLP holders.
| AUM | $847.2M |
| AUM limit | $3.0B |
| JLP price | $4.3412 |
| JLP supply | 195,155,346 |
| APR | 17.85% |
| APY | 19.54% |
| Realized fees (period) | $771.6K |
Methodology and honest limits
Source: the official Jupiter perps API (perps-api.jup.ag). jlp-info mirrors the on-chain Pool and Custody accounts: guaranteedUsd is the USD owed to open longs, globalShortSizes the USD size of open shorts, both with six decimals. market-stats gives price, 24h change and volume; pool-info the utilization, hourly borrow rates and available liquidity per side; top-traders the week's leaders. Nothing here is modeled.
Coverage: the three markets Jupiter lists (SOL, ETH, WBTC, shown as BTC). JLP figures are pool-wide. Hourly rows are recorded on our side from 2026-09-02; the CC0 daily file keeps the midnight row and the paid route the full hourly history.
Limits: Jupiter has no funding rate, so the venue shows no funding on the exchange pages and the borrow rate is not converted into a funding-equivalent. Leaders are Jupiter's own weekly ranking by realized PnL and reset every ISO week; unrealized PnL is not included. Utilization above about 80% means new positions on that side will pay sharply higher borrow rates.
FAQ
Why is there no funding rate for Jupiter?
Jupiter positions borrow from the JLP pool and pay an hourly borrow fee to it; there is no payment between longs and shorts. Showing the borrow fee as funding would misstate what the number is, so the funding column stays empty and the borrow rate has its own column.
Is the open interest estimated?
No. Long and short OI are read from the custody accounts that the program itself updates on every trade. The only latency is our 10-minute refresh.
How do long share and utilization differ?
Long share is longs divided by longs plus shorts, a positioning read. Utilization is how much of the pool's capacity for that side is in use, a capacity read. A market can be 70% long by share while long utilization is only 10% if the pool is large.
Where is the history?
Hourly values for every market and metric are recorded from 2026-09-02: free JSON with up to 30 days at /api/public/jupiter?base=SOL&days=30, the full hourly set on the paid route /api/x402/jupiter-history, the daily CC0 file at /api/v1/public/datasets/jupiter-daily.csv.